-76%

est. 2Y upside i

FinTechSeries A

Stripe for online identity verification

Rank

#2748

Sector

Fintech, Identity Verification, RegTech

Est. Liquidity

~4Y

Data Quality

Data: Medium

Authologic operates in a large and growing RegTech market with strong tailwinds from digital transformation and regulatory mandates like eIDAS 2.0.

Last updated: March 10, 2026

Bull (15%)+300%

Authologic successfully leverages the eIDAS 2.0 mandate and its comprehensive API to capture significant market share, particularly in Europe, becoming a leading player in the non-document-based identity verification space. This drives strong revenue growth and justifies a $180M+ valuation by 2028, a 4x return from the current Series A valuation.

Base (40%)+50%

Authologic continues to grow steadily, maintaining its position in niche segments and expanding its customer base, but faces strong competition from incumbents. Revenue growth is solid, leading to a modest valuation increase to approximately $67.5M by 2028, a 1.5x return.

Bear (45%)-75%

Dominant incumbents or well-funded competitors aggressively expand their offerings, commoditizing Authologic's core services or outcompeting them on features and price. This leads to slower-than-expected growth, difficulty raising subsequent rounds, and a down round, resulting in a valuation of around $11.25M and significant loss of common stock value.

Est. time to liquidity~4.0 years

Preference Stack Risk

high

Investors hold $8.79M in liquidation preferences. In an exit at or below $45M, employees with common stock may see significantly reduced returns or nothing until preferences are covered.

Dilution Risk

moderate

As a Series A company, Authologic will likely require 2-3 more funding rounds, leading to additional dilution for existing equity holders.

Secondary Liquidity

none

Given its early stage (Series A), there is currently no active secondary market or tender offers for Authologic's equity.

Questions to Ask at the Interview

Strategic questions based on Authologic's data — designed to show you've done your homework.

  • 1

    “Given the high incumbent threat from players like IDnow and Sumsub, what is Authologic's long-term strategy to differentiate and maintain its competitive edge beyond API integration?”

  • 2

    “With the impending eIDAS 2.0 regulations, how is Authologic planning to capitalize on this opportunity, and what are the biggest challenges you foresee in its implementation and widespread adoption?”

  • 3

    “Considering the Series A funding and the typical venture path, what is the company's projected timeline for future funding rounds and potential liquidity events for employees?”

Community

Valuation Sentiment

Our model estimates -76% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.